National Health Investors, Inc. (NYSE:NHI) Given Average Recommendation of "Buy" by Brokerages

National Health Investors, Inc. (NYSE:NHI - Get Free Report) has earned an average recommendation of "Buy" from the five research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $84.60.

Several research analysts have recently issued reports on the company. KeyCorp raised National Health Investors from a "sector weight" rating to an "overweight" rating and set a $80.00 price target for the company in a research note on Thursday. Wedbush raised National Health Investors to a "strong-buy" rating in a report on Wednesday, July 2nd. Finally, Truist Financial raised National Health Investors from a "hold" rating to a "buy" rating and set a $77.00 target price for the company in a report on Wednesday, July 2nd.

National Health Investors Stock Performance

Shares of NHI stock traded up $0.16 on Thursday, hitting $71.25. 347,618 shares of the stock traded hands, compared to its average volume of 251,026. The company has a debt-to-equity ratio of 0.88, a current ratio of 16.55 and a quick ratio of 16.55. The company has a market capitalization of $3.33 billion, a PE ratio of 22.62, a PEG ratio of 3.58 and a beta of 0.73. National Health Investors has a 1-year low of $65.13 and a 1-year high of $86.13. The company's fifty day moving average is $72.38 and its 200 day moving average is $71.66.

National Health Investors (NYSE:NHI - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.02. National Health Investors had a return on equity of 10.64% and a net margin of 41.15%. The firm had revenue of $68.87 million for the quarter, compared to analyst estimates of $85.13 million. During the same period last year, the company earned $1.10 earnings per share. The firm's revenue for the quarter was up 9.6% on a year-over-year basis. On average, equities research analysts predict that National Health Investors will post 4.41 earnings per share for the current fiscal year.

National Health Investors Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Monday, June 30th will be paid a $0.90 dividend. The ex-dividend date is Monday, June 30th. This represents a $3.60 annualized dividend and a dividend yield of 5.05%. National Health Investors's payout ratio is 114.29%.

Institutional Investors Weigh In On National Health Investors

Several large investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of National Health Investors by 11.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 4,009 shares of the real estate investment trust's stock valued at $284,000 after acquiring an additional 398 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of National Health Investors by 24.6% during the 2nd quarter. NBC Securities Inc. now owns 20,005 shares of the real estate investment trust's stock worth $1,402,000 after purchasing an additional 3,947 shares in the last quarter. Strs Ohio acquired a new stake in shares of National Health Investors during the 1st quarter worth approximately $598,000. Intech Investment Management LLC lifted its position in shares of National Health Investors by 21.8% during the 1st quarter. Intech Investment Management LLC now owns 28,578 shares of the real estate investment trust's stock worth $2,111,000 after buying an additional 5,117 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of National Health Investors by 1,728.4% during the 1st quarter. Jane Street Group LLC now owns 69,697 shares of the real estate investment trust's stock worth $5,148,000 after buying an additional 65,885 shares during the period. Institutional investors own 62.51% of the company's stock.

About National Health Investors

Incorporated in 1991, National Health Investors, Inc NYSE: NHI is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals.